Diokno says BSP may opt to hike rates by 25 bps or keep unchanged
MANILA - Philippine Finance Secretary Benjamin Diokno said on Monday the central bank could decide to either hike the key interest rate by 25...
BSP to raise rates by 25 bps — poll
THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to slow the pace of its rate increases to a quarter of a point on Thursday amid concerns over elevated inflation and fallout from recent bank failures in the United States.
Debt service bill hits P1.3 trillion in 2022
THE NATIONAL Government’s (NG) debt service bill rose to P1.293 trillion in 2022, as amortization payments increased, data from the Bureau of the Treasury...
REITs may need more than one year to reinvest proceeds
REAL ESTATE Investment Trusts (REITs) will need more than a year to reinvest its proceeds in the Philippines following the market’s ongoing pandemic recovery, property consultants said at the weekend.
Customs says Petron was top importer in 2022
PETRON CORP. was named the top importer based on the payment of duties and taxes to the Bureau of Customs (BoC) in 2022, the...
BSP sees narrower balance of payments deficit for 2023, 2024
The Philippine central bank said it expects a narrower balance of payments (BoP) deficit this year due to a projected decrease in the current...
NG budget swings to surplus of P45.75 billion in Jan.
By Luisa Maria Jacinta C. Jocson, Reporter
The National Government's (NG) budget balance swung to a surplus in January as revenue growth outpaced state spending.
The...
BSP: Local banking system remains safe and sound
The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming...
Banks seen to cope with SVB contagion
THE ASIA-PACIFIC banking sector, including in the Philippines, has reasonable buffers to cope with possible contagion effects from the failure of Silicon Valley Bank...
BIR goes after firms issuing fake receipts
THE BUREAU of Internal Revenue (BIR) on Thursday filed criminal complaints before the Department of Justice (DoJ) against four suspected “ghost” corporations allegedly behind...
Supreme Court says senior citizens’ discount covers interment service
SENIOR CITIZENS are entitled to a 20% discount on interment services, which are covered by the funeral and burial expenses provided for under the...
Philippines falls to 54th spot in UNCTAD’s Frontier Technology Index
THE PHILIPPINES fell 10 spots to rank 54th out of 166 countries in utilizing frontier technologies for 2022, according to the United Nations Conference...